For your investment properties or should you need to rent out your own home, Edmonds Realty is fully equipped to meet all your needs. The list of available services include:
DAY TO DAY RESPONSIBILITY FOR THE OPERATIONS OF THE PROPERTY, INCLUDING:
* Rental of property, including thorough screening of all applicants and preparation of all necessary paperwork.
* Regular policing of the property, including grounds, landscaped areas.
* Timely reponse to concerns, complaints, etc. from residents.
* Coordination of tenant move-ins/outs.
* Quick and efficient turnover of vacated property for speedy rent-up.
* Coordination with contractors for services needed for the property (e.g., pest control, landscaping, painting, roof repairs, electrical and plumbing repairs).
COLLECTIONS:
Consistent and efficient collection of rents and other revenues, as well as handling of evictions, if necessary or appropriate.
ACCOUNTS PAYABLE:
Review, approval and payment, from the proceeds of the property, of all invoices relating to the property, including debt service, if requested.
REPORTING:
Quarterly preparation of operating statements and variance analyses outlining all revenues and expenses attributable to the property.
YEARLY BUDGETS:
Preparation in October/Novembe of yearly operating budgets for approval by owner or owner's representative for the following budget year.
INSURANCE COVERAGE:
At owner's request, research and subsequent placement of insurance required to adequately protect the property and its owner(s).
FILES & RECORDS:
* Safekeeping of all files and documents (e.g., accounting, owner(s) and operations). * Safekeeping of keys, hardware schedules, drawings, plans, etc.
FEE SCHEDULE:
* RENTAL FEE: For condominium apartments and single family residences, the equivalent of one month's rent for a minimum of a one (1) year lease, payable at the time that the first month's rent is collected. The Fee to be adjusted depending on the length of a lease having less than a one-year duration. For example, the leasing fee for a 6-month lease is 50% of the agreed upon monthly rent. The fee includes payment by Edmonds Realty of advertising costs up to $100.00.
* MONTHLY MANAGEMENT FEE: The greater of $150.00 per month or 10% of the gross monthly revenue, payable monthly.
* Reimbursement of expenses such as office supplies, postage, copies, mailings and labor costs directly attributable to the property.
CONTACT: Please call #425-921-2200 to discuss how Edmonds Realty can make owning investment properties trouble free.